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money markets
CI Capital’s Corplease completes securitisation bond offering worth EGP 2.7bn
CI Capital Holding for Financial Investments announced that its leasing arm, Corplease, completed its 10th securitisation bond issuance at a value of 2.7 billion Egyptian pounds.
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Egypt to launch first ever exhibition for eco-friendly vehicles on Monday
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will start on Monday at the Egypt International Exhibition Center (EIEC).
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FRA launches initiative to merge informal businesses into formal economy
Egypt’s Financial Regulatory Authority (FRA) introduced an initiative that aims to merge informal economic activities into the formal economy through using digital payment instruments
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Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
The Egyptian pound recorded a rise of 30.8 piasters against the US dollar during 2020, despite the severe economic effects of the novel coronavirus (COVID-19) crisis.
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EGX to help brokerages offer short selling
The EGX could move to slash the cost of the electronic system needed to short sell on the bourse if brokerages request a lower price tag, EGX Chairman Mohamed Farid said.
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GB Lease completes EGP 2.01bn securitised bond offering
Ghabbour Auto (GB Auto) said that its subsidiary GB Lease concluded its second securitised bond offering at a value of 2.041 billion Egyptian pounds.
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EGX generates higher liquidity in 2020 despite COVID-19 crisis
The Egyptian Exchange (EGX) generated 630.71 billion Egyptian pounds in turnover in 2020, up by 62.6 percent from 387.86 billion pounds in 2019, despite the challenges posed by the coronavirus…
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World stocks rise into year-end on 2021 recovery hopes
Wall Street was set to open higher and world stocks edged towards recent record highs on Wednesday, with investor hopes of a strong economic recovery next year also pushing the safe-haven dollar to…
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Gender parity is getting a push from Egypt’s Financial Regulatory Authorityn
Egypt’s Financial Regulatory Authority’s (FRA) Board of Directors has, at its closing meeting for the year, revealed its agenda which includes decisions on four important files related to the…
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Global stocks, oil lead risk rally on U.S. stimulus hopes
Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets and had the dollar eyeing…
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